Homes at Colliery Parc are offered through a long-term leasehold condominium structure, similar to communities like University District in Calgary and UBC in Vancouver. This approach is designed to make ownership more attainable in high-cost markets, while still allowing for financing, resale, and long-term use.
The land is owned by the Canadian Rockies School Division, through its foundation. Avalon leases the land and develops the community. That lease is then structured into the condominium, allowing homeowners to purchase an interest in the project.
